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In less than a year, the "fastest US stock market listing" automobile brand is planning to withdraw from the NYSE and return to Geely. The news shook the whole circle.

On May 7th, Geely Automobile Holdings Co., Ltd. (hereinafter referred to as "Geely Automobile") announced its plan to acquire all the issued shares of Extreme Krypton Intelligent Technology Co., Ltd. (hereinafter referred to as "Extreme Krypton"). Geely Automobile currently holds about 65.7% of the shares of Krypton. If the transaction is completed, Geely Automobile and Krypton will be completely merged, and Krypton will be privatized and delisted on the New York Stock Exchange. As of the close of May 8, Beijing time, the share price of Krypton was $52.19, up by 11.51%, with a total market value of 6.403 billion yuan.

Since the listing of Krypton brand in the US stock market in 2024, the sales growth has been weak due to problems such as "left-handed and right-handed fighting", and the annual target has made slow progress. Li Shufu, chairman of Geely Holding Group, stressed on May 7 that it is necessary to "continuously promote the integration of automobile business and return to a Geely".

"Economic Account" and "Breakthrough War" or the logic behind the reorganization of Geely Group.

Screenshot of Geely Automobile Announcement.

Less than a year after listing, the annual target of Krypton is progressing slowly.

It has been less than a year since the listing of U.S. stocks.

Born on April 15, 2021, Krypton announced its plan to go public in October 2022. On May 10th, 2024, Krypton was officially listed on the New York Stock Exchange, raising about US$ 441 million (about RMB 3.18 billion), making it the "fastest US stock listing" brand of new energy vehicles.

It is worth mentioning that in the A round of financing in February 2023, the valuation of Krypton was as high as 13 billion US dollars. However, before the official listing, the valuation of Krypton issuance was about 5.13 billion US dollars, which was reduced by half.

According to Krypton’s plan, we should strive to turn losses into profits in 2024. The 2024 financial report released in March this year showed that the company’s total revenue in 2024 was 75.91 billion yuan, a year-on-year increase of 47%; The annual net loss was 5.79 billion yuan, a year-on-year decrease of 30%. From 2021 to 2023, the net loss of Krypton was 4.514 billion yuan, 7.655 billion yuan and 8.264 billion yuan respectively.

Li Shufu mentioned on May 7 that "in the face of fierce market competition and increasingly complex economic environment, we will assess the situation".

On May 8, Geely Group responded to the Beijing News Shell Finance reporter, saying that the reason for Geely’s acquisition of Krypton is subject to the announcement issued by the Group.

In the announcement, Geely Automobile mentioned that this move "aims to promote the deep integration and efficient coordination of internal resources, eliminate repeated investment, reduce costs, enhance the competitiveness of enterprises and create long-term value."

It can’t be ignored that the sales volume of the brand is under pressure this year. According to the latest sales data of Extreme Krypton Technology Group, the sales volume of Extreme Krypton brand in April was 13,727 units, down nearly 15% year-on-year and 11% quarter-on-quarter.

The sales target for 2025 previously announced by the Extreme Krypton brand is 320,000 vehicles. In the first four months of this year, the cumulative sales volume of the Extreme Krypton Group was 55,000 vehicles. The time schedule has passed one third, but the sales progress is only 17.2%.

"Divide the troops and fight" has left and right hands fighting each other.

Behind the pressure of krypton sales, in addition to the great competitive pressure, the internal "dividing troops" is also the problem.

Krypton 001 is the flagship model of Krypton brand. In February, 2024, the 2024 Extreme Krypton 001 went on the market. In the first month, it was set to exceed 30,000 vehicles, and the monthly sales in June reached 14,000 vehicles, a record high. But then sales declined, and the myth of "selling one car in one minute" came to an abrupt end.

However, the competition from competing models has become increasingly fierce: the first model of Xiaomi Automobile, SU7, was launched in March 2024; The 2024 Zhijie S7 was released in April 2024; Tesla 3 high-performance version was officially sold from June 2024.

Therefore, in August 2024, the 2025 Kykrypton 001 was quickly listed, and the Mobileye chip used in 2024 was replaced by NVIDIA dual OrinX chip, which improved the computing power and the starting price was 259,000 yuan. However, some car owners have publicly pointed out that "the annual model is launched in half a year" and "the model of three years can be bought in the same year" leads to the rapid depreciation of the vehicle.

On September 20, 2024, the SUV model was launched with a starting price of 229,900 yuan. For a time, the voice of "Extreme Krypton 001 or Extreme Krypton 7X is more cost-effective" emerges endlessly, and both sides are regarded as competitors, and their left and right hands are fighting each other.

In the context of declining sales, recently, Extreme Krypton Technology Group announced internally that Lin Jie, vice president of the group and general manager of Linke Sales Company, was in charge of the overall work of domestic marketing service of Extreme Krypton brand. It is understood that Lin Jie has been the general manager of Link Sales Company since 2018, and became the vice president of Extreme Technology Group in February 2025.

Geely Reorganizes "Fighting Ecology"

In fact, since 2024, Geely Group has reorganized its business segments several times.

In October, 2024, Geometry brand was officially merged into Geely Galaxy. On February 14, 2025, the brand of Extreme Krypton and Link merged rapidly in just three months, and the Extreme Krypton Technology Group was announced.

An Conghui, president of Geely Holding Group and CEO of Extreme Krypton Technology Group, described the plan of integrating Extreme Krypton and Linke in an exclusive interview with the Beijing News Shell Finance reporter: Extreme Krypton Technology Group strives to build a world-leading high-end luxury new energy automobile group with annual production and sales of one million levels through two years’ efforts.

In March 2025, Yizhen brand was officially merged into Geely Galaxy. In addition, there are rumors that Geely Group wants to include Ruilan Automobile. However, on April 10th, Qianli Technology, the controlling shareholder of Ruilan Automobile, responded to an investor’s question and said that there is no plan to transfer the equity to Geely Automobile at present.

Wang Peng, an associate researcher at the Beijing Academy of Social Sciences, told the Shell Finance reporter of the Beijing News that car companies are all changing from "fighting for products" to "fighting for ecology". Behind the repeated restructuring of Geely Group, "economic account" and "breakthrough war" are two key words.

In terms of "economic account", Extreme Krypton Technology Group publicly stated that after the merger of Extreme Krypton and Lectra, the new group company expects to save 10%-20% in R&D investment, and the R&D expense ratio is expected to drop from 11% to 6%. At the same time, with the support of large manufacturing system, the cost of bill of materials is saved by 5%-8% and the manufacturing is saved by 3%-5%. Among them, the management fee will be saved by 10%-20%, and the management fee rate is expected to be reduced from 11% to 8%.

In fact, on September 1, 2024, Geely mentioned in the Taizhou Declaration that conflicts of interest and repeated investment should be reduced. The reason why Geely Automobile mentioned the acquisition of Krypton also means to eliminate repeated investment and reduce costs.

"Breakthrough War" refers toConcentrate on doing great things and form an ecological circle. Wang Peng pointed out that in the early years, Geely comprehensively covered different markets through many brands such as Krypton, Link and Geometry, but this model led to internal consumption of resources and prone to homogenization competition.

In response to this adjustment, Li Shufu voiced on May 7th that he should continue to promote the integration of automobile business, return to a Geely, integrate technological advantages, improve innovation ability and profitability, continue to create long-term value, and build the world’s leading intelligent electric vehicle group. At the same time, it will maintain close communication and cooperation with American and international capital markets.

According to the latest statement of Geely Automobile, Geely Group will create a unified listing platform, and fully integrate extremely krypton assets and resources, thus enhancing the competitiveness of the passenger car business of the Group.

Geely’s integration drama will continue.

Beijing News Shell Financial Reporter Lin Zi

Editor Yang Juanjuan

Proofread Lin Zhao

On the east route of South-to-North Water Transfer Project, the Yangtze River flows out of Yangzhou all the way north, and runs north Jiangsu and Jidong. This year, the annual water transfer work was started. Over the past four years, more than 10 billion cubic meters of "South-to-North Water Transfer Project" has become the guarantee water for life, the life-saving water for drought resistance and the ecological water for rivers and lakes. Who would have thought that it was not easy behind the gurgling clean stream.

The success or failure of water transfer on the eastern route lies in pollution control. Fifteen years ago, this was the goal that had been questioned: to make all the "soy sauce rivers" clear, to turn the inferior V water into III water, and to reduce the concentration of COD (chemical oxygen demand) to 20 mg/L. It has taken some developed countries decades and hundreds of years to control similar water problems. Can the South-to-North Water Transfer Project be realized in 10 years?

The eastern route has become an example of river basin management: from 2003 to 2013, the average concentration of COD decreased by more than 85%, the average concentration of ammonia nitrogen decreased by 92%, and the water quality compliance rate increased from 3% to 100%. The water is clear and the shore is green, which will promote the economic development and ecological protection along the route to a win-win situation.

Pollution control depends on determination: shut down with an iron fist and never let sewage enter the trunk line.

How difficult is it to control pollution on the eastern front? Nansi Lake, where water transfer must pass, is quite representative.

"It receives water from 32 counties in four provinces of Sulu, Henan and Anhui, and there are 53 main rivers entering the lake. The water systems intersect, and which river is not well managed will affect the water quality of the lake area." Ge Weiyan, inspector of the Environmental Protection Department of Shandong Province, said that in the 1990s, all the water in the basin was polluted, and the river water entering the lake was basically inferior to Class V, and Nansi Lake became a "dead lake" where fish and shrimp were extinct.

Such a water problem is precisely the development problem that is concentrated and highlighted at this stage. Along the eastern route, after years of rapid industrialization and urbanization, the water ecology is red and the water environment is difficult to carry. Some people worry that the South-to-North Water Transfer Project will become a sewage transfer project.

"The key to pollution control depends on determination, and there must be the spirit of a strong man breaking his wrist. The CPC Central Committee and the State Council attached great importance to this and clearly put forward the principle of "three firsts and three afters" in the South-to-North Water Diversion Project, that is, saving water first, transferring water first, polluting water first, using water first, and never letting sewage go north. " The main responsible comrades of the State Council South-to-North Water Diversion Office said.

Top design. The pollution control planning and supplementary planning of the Eastern Route Project have been implemented one after another. Through structural adjustment, sewage treatment, sewage interception and diversion, ecological restoration and other projects, an integrated pollution control system has been established to ensure the sustainable delivery of clean water from one canal to the north.

"Ensuring Class III water quality" has become a hard lever for local governments. Jiangsu, Shandong along the iron fist choking pollution, launched a tough battle against pollution.

"A traditional paper mill can stain a river." Liu Yunting, deputy director of the Environmental Protection Bureau of Jining City, Shandong Province, said that more than 10 years ago, there were more than 700 paper mills in the province, and the sewage discharge accounted for more than 70% of the total. Say "no" to highly polluting paper-making enterprises, Shandong has formulated the first drainage standard in the country, in which COD discharge standard is 6 times stricter than the national standard, and ammonia nitrogen discharge is 7 times stricter than the national standard, and the "privilege" of industrial sewage discharge is cancelled, which forces industrial transformation.

The paper industry is just a microcosm. In Jining, 68 enterprises are listed as key governance targets. Nine cities along Shandong Province refused to approve and delayed the approval of more than 510 enterprises with high energy consumption and high pollution, involving an investment of nearly 19 billion yuan. All the 378 sewage outlets supervised by the provincial government have been rectified.

In Jiangsu, we have vigorously implemented clean-up and diversion, water conservation and emission reduction, and a number of deepening pollution control projects have landed. Environmental accountability and one-vote veto were implemented, and more than 800 chemical enterprises were shut down along the route. Control non-point source pollution, and set up prohibited areas, restricted areas and concentrated areas for aquaculture. Li Songbai, assistant general manager of East Jiangsu Water Source Company, said: "The water quality is up to standard, which is the bottom line that must be kept."

Interception of sewage with one hand and finding a "way out" for sewage with the other. At least one sewage treatment plant and one garbage treatment plant will be built in each county along the water transfer. Since the Twelfth Five-Year Plan, 107 new sewage treatment plants have been built along Shandong, with an annual treatment capacity of 1.55 billion tons.

Pollution control on the eastern route continued to advance, the total amount of sewage discharged dropped sharply, and rivers were reborn. The black and smelly Nansi Lake "came back to life" and returned to the level of the early 1980s, ranking among the national lakes with excellent water quality. Cui Xiubao, a villager in henan village, Jiangji, who lives near Weishan Lake, said: "Now the river has come back when I was a child, and the small whitebait and saury that have been extinct for many years have appeared again."

Mechanism of pollution control: pressure is transmitted layer by layer, and scientific pollution control is effective.

Pollution control on the eastern front is not an expedient measure. A long-term mechanism is needed to ensure the stability of water quality.

Who will control pollution? In 2003, the State Council South-to-North Water Diversion Office signed a letter of responsibility with Sulu provinces, and 14 cities along the route signed a written pledge with the governments of the two provinces to clarify the main body of responsibility, and the pressure was passed on layer by layer.

Along the water transfer line, the "river length system" and "section length system" were first implemented. The river chief is on duty, guarding the water and doing his duty. Xuzhou, Jiangsu Province changed the supervision of enterprises to the supervision of the government, realizing "the responsibility of the party and the government is the same, one post and two responsibilities, and dereliction of duty". Xu Dong, the mayor of Zhangji Town, tongshan district, said frankly: "There is pressure and motivation, and’ Kowloon’ can be twisted into a rope to protect the mother river." In Shandong, pollution control targets are directly linked to the assessment of cadres, and provincial leaders are the river chiefs of key lakes and reservoirs such as Nansi Lake and Dongping Lake, which are promoted from a high position.

How to control pollution? Innovative ecological governance model. Shandong put forward the strategy of "governance and protection" to tap the potential in all aspects. "Governance" means the whole process of pollution prevention and control, such as structural adjustment, clean production and terminal treatment. "Use" means the recycling of reclaimed water. The annual consumption of reclaimed water conservancy in the province reaches 800 million tons, which is equivalent to the water volume of eight large reservoirs. "Protection" means ecological protection and restoration, and building a large ecological belt along the river and lake.

Through returning farmland to wet land and returning fishing to the lake, Nansi Lake has reached 230,000 mu of constructed wetland with a daily water purification capacity of 500,000 tons. Hui Luo, deputy director of the South-to-North Water Diversion Construction and Management Bureau, said that the wetland is like a natural sewage treatment plant. After the tail water discharged by enterprises reaches the standard, it will be purified by the wetland, and the pollutant content will be reduced by half, so that the water quality entering the lake will meet the Class III requirements.

Hongze Lake, 750,000 mu of wetland in full of green, where rare birds dance. Li Songbai said: "Fishermen take a step forward, wetlands take a step back, and over-breeding once endangered the ecology. After years of returning to the lake and ecological restoration, it was in exchange for today’s harmonious situation between people and water. "

Explore the ecological compensation mechanism. Since 2010, Jiangsu Province has implemented regional compensation along the South-to-North Water Diversion Project, with "polluter pays, and the infringer compensates". The compensation funds are earmarked for water pollution control, ecological restoration and water environment monitoring capacity building. With the efforts of the government market, Shandong has explored charging for water conservation and sewage discharge by electricity, introduced third-party governance, and obtained the greatest benefits through government purchase of services.

With the guarantee of mechanism, pollution control on the eastern route has shifted from engineering management to comprehensive management, bringing greater benefits into play. In 2013, the bottom of Nansi Lake was cracked, and it was on the verge of crisis. At the critical moment, the East Line pumping station was running at full capacity, and the Yangtze River water flew 800 miles, bringing the long-term drought lake back to life. In response to the drought in northern Jiangsu in 2009, 5.3 billion cubic meters of water was transferred from Jiangdu to the arid area, and the water volume exceeded that of Hongze Lake, and more than 45 million mu of farmland was irrigated.

Concept of pollution control: active transformation, green development into people’s hearts

Eastern pollution control, will it affect development?

Practice has proved that protecting the ecological environment is also protecting productive forces. Adhering to the concept of green development and building a strong green engine can achieve a win-win situation for economic development and ecological improvement.

Set the city by water and accelerate the transformation. In the past five years, Xuzhou, an old industrial base, has carried out environmental credit evaluation for more than 1,800 enterprises, and the industrial structure has changed from heavy to light, and the level has changed from low to high, thus winning the golden business card of "one city with green hills and half a city with lakes". Jining, a coal city, takes the road of new industrialization. The advanced manufacturing industry exceeds the coal-fired power industry, and the high-tech industry accounts for more than 33% of the industry.

There is no "card" dead enterprise at the high threshold. After experiencing pains, Shandong paper industry achieved a green turn, the number of enterprises decreased by 65%, but the production capacity was 3.5 times that of the original, which was at the leading level in China. Quanlin Paper Company not only won more than 180 domestic and international patents, but also turned straw pulp papermaking into a high-tech industry, and built a branch factory in the United States by relying on advanced emission reduction technology.

A strong man breaks his wrist, freeing up environmental capacity in exchange for development space. All localities along the route seized opportunities and took the lead in transformation, and a number of emerging industries such as electronic information, new energy and new materials rose rapidly. According to preliminary statistics, the average annual growth rate of economic growth along the line is 14.02%, and the average annual industrial added value is 20.55%, which is higher than the provincial average.

Relying on mountains to eat, relying on water to eat. The water quality has improved, and Cui Xiubao by Weishan Lake has eaten ecological rice. "Now there are all kinds of fish, and you can earn one or two hundred yuan every day by opening a fisherman’s house." He said that the villagers in the surrounding villages engaged in ecological breeding and eco-tourism, with an annual per capita income of more than 20,000 yuan.

"The South-to-North Water Transfer Project not only transferred water, but also revitalized regional water resources." Hui Luo said that the Yangtze River water, the Yellow River water and the local water merged together to form a "T"-shaped water network in Qilu, which realized the optimal allocation of water resources, made up the original long-term ecological debt, returned the occupied agricultural water, and gradually restored the regional water ecology. In Jiping main canal, the Xiaoqing River with cross-flow of sewage reappeared through water resources dispatching. Residents along the Jinan River lamented: "Xiaohe River has finally changed back to Xiaoqing River!"

The East Route of South-to-North Water Transfer Project has not only become a water conveyance line to optimize the allocation of water resources, but also a development line to practice ecological civilization. (Reporter Zhao Yongping)

I know some good news recently, and Dr. Tao wants to share it with you quickly. A definitive conclusion based on these good news is:

Quadruple (DTP +Hib) vaccine+domestic inactivated polio vaccine (IPV)

The price/performance ratio is getting higher and higher. It smells good.

Since 2002, Dr. Tao has collected all kinds of domestic vaccine products, coded and photographed them, and unconsciously built the China Vaccine Museum.

This vaccine museum is located in the vaccine science popularization base in Kangtai, Shenzhen. Crucially, Dr. Tao is still tirelessly collecting new vaccine products to contribute to this museum.

Vaccine Museum at No.18 Shutianpu Road, Shenzhen

Not long ago, Dr. Tao just collected the third domestic IPV from Kexing Bio. The first two paragraphs are from Institute of Medical Biology (Academia Sinica) and Beijing Beishengyan Biological Products Co., Ltd. (Beishengyan). In this way, with the import of IPV from Pasteur, there are four IPV models in China.

I accidentally compared the instructions of four IPV companies and made my first major discovery. However, we need to popularize the common sense of polio vaccine first.

The polioviruses used in two domestic IPV come from live oral vaccines. The vaccine virus in oral live vaccine is also called sabin strain virus, so domestic IPV is also called Sabin IPV(sIPV). The polio virus in Pasteur IPV comes from wild virus, also known as WIPV.

Before sIPV came out in China, the single inactivated polio vaccine was all wIPV. However, the use of wild viruses in wIPV production requires the highest biosafety level in vaccine workshops, and the possibility of polio epidemic caused by leakage into the environment cannot be ruled out.

IPV is a good thing, and China also wants to replace the oral live vaccine with major defects for all children (see:The way to avoid the devil’s lottery and vaccinate polio safely）。 However, China has a large population, and IPV is many times more expensive than oral live vaccine. If IPV can be localized, it will be much easier.

Just do it. Academia Sinica, which produces oral polio live vaccine (known as "sugar pill" vaccine), took the lead. In order to reduce the construction cost and biosafety risk, they found another way to directly inactivate the virus in the live vaccine to make IPV, and sIPV was born in the world. Beishengyan and Kexing Bio have reached the next level, and domestic sIPV imports wIPV three to one PK.

However, whether wIPV is better or sIPV is a difficult question to answer at first, but with the two IPvs used in China for 10 years, some data began to surface or be confirmed.

At first, Dr. Tao thought that although the virus sources were different, there was no substantial difference between them, and even they were winners and losers. But this time, after carefully reading the instructions of the three companies, I found a common phenomenon:The antibody levels of three sIPV in clinical trials are much higher than those of wIPV.I’m a little embarrassed that I didn’t notice this before.

See the table below for specific data. The third dose of basic immunity refers to one dose at 2, 3 and 4 months old, and the first dose of additional immunity refers to the fourth dose at 18 months old. Fourteen months after the third dose of basic immunization refers to the blood sampling test before the fourth dose.

For three types of poliovirus, the antibody levels of three domestic sIPV were higher than those of imported wIPV as control group at any time point, and the antibody level of type I virus was more obvious. The number of observers in these clinical trials is about 300 ~ 600, and the sample size is large enough to be an error.

Dr. Tao can say with certainty that the short-term immune effect of domestic sIPV is better than that of imported wIPV. Of course, the immune effect and protective effect are not the same thing. In fact, imported wIPV has been used outside China for more than half a century, and there is no evidence that its protective effect is unreliable, so there is no need to abandon wIPV.

This week, Dr. Tao saw that the Chinese Academy of Sciences published the 10-year observation results of sIPV and wIPV in eClinicalMedicine, a sub-journal of The Lancet, which was the final word.

10-year observation results https://t.cn/A6OENJOH

It can be seen that after 10 years, the antibody level of sIPV is also higher than that of wIPV. Inferred from this trend, the high probability will be the same after 20 years, at most, it will be flat, and it is impossible for the antibody level of sIPV to be lower than that of wIPV.

There is no doubt that sIPV’s immune effect is better than wIPV’s in both short and long term.

The above is the good news that Dr. Tao wants to share with you.

In order to prevent polio, diphtheria, pertussis, tetanus and Haemophilus influenzae (Hib) infection, every child should be vaccinated with three kinds of vaccines: polio vaccine, DTP vaccine and Hib vaccine.

There are many permutations and combinations of these three vaccines, and Dr. Tao once recommended using five vaccines directly. However, the cost performance of this scheme has dropped a lot, and the cost performance of [quadruple vaccine+domestic IPV] scheme is getting higher and higher because of the following two reasons:

First, four doses of polio vaccine are required, and the government can provide two doses of domestic IPV free of charge.

If you use pentavaccine, you can’t enjoy this free policy, because the price of pentavaccine includes imported IPV. Enjoy 2 doses of free domestic IPV, at least you can save 540 yuan. In 2023, the supply prices of five vaccines and four vaccines are 638 yuan and 368 yuan respectively, which is different from 270 yuan. Multiplying two doses is 540 yuan.

In the future, all 4 doses of polio vaccine will definitely be changed to 4 doses of free domestic IPV, and then 1080 yuan can be saved, which will be too fragrant.

Second, the five-vaccine is wIPV, which is not as fragrant as sIPV. The evidence is conclusive.

Of course, the five-vaccine also has an advantage at present, that is, it can be vaccinated at the age of 2 months, one month earlier than the four-vaccine, and protected earlier. Therefore, you can also choose five vaccines at the age of 2 months, and then choose all [four vaccines+domestic IPV].

(End)

　　Realizing great rejuvenation is the greatest dream of the Chinese nation in modern times. In the report of the 19th National Congress of the Communist Party of China, General Secretary of the Supreme Leader profoundly pointed out that the initial intention and mission of the Communist Party of China (CPC) people is to seek happiness for the people of China and the rejuvenation of the Chinese nation. This initial intention and mission is the fundamental driving force to inspire the Communist Party of China (CPC) people to keep moving forward. The resounding slogan of "unremitting struggle for the Chinese dream of realizing the great rejuvenation of the Chinese nation" has played the strongest note of our time, brought together the common ideal of all Chinese sons and daughters, and led the goal direction of the country’s forward development.

　　The Chinese nation has a long history of more than 5,000 years, created a splendid Chinese civilization and made outstanding contributions to mankind. However, in modern times, our country has fallen behind in the closed door, sunk in complacency, and lost its way in the "great change that has never happened in a thousand years". Since the Opium War in 1840, China has been invaded and bullied by foreign powers. The country is poor and weak, and the people are in poverty. Countless people with lofty ideals shed their heads and blood to explore the road to saving the country. From the Taiping Heavenly Kingdom to the Westernization Movement, from constitutional monarchy to democratic revolution, they tried again and again and failed. The Chinese nation is still struggling in the dark. It was not until the October Revolution that a cannon shot sent us Marxism–Leninism and the Communist Party of China (CPC) took over the baton of saving the nation from national subjugation and strengthening the country that the great rejuvenation of the Chinese nation was dawned. After 28 years of bloody fighting, the Communist Party of China (CPC) overthrew the "three mountains" and established the People’s Republic of China (PRC), which made the people of China truly "stand up"; After 29 years of hard exploration, we found the road to Socialism with Chinese characteristics that conforms to the national conditions, started the great cause of reform and opening up, and gradually made the people of China "rich"; Since the 18th National Congress of the Communist Party of China, Socialism with Chinese characteristics has made great achievements in its career development at a new starting point, China’s comprehensive national strength and international influence have been significantly improved, and our country has really embarked on the road of "strengthening". China’s strength has changed,Become the second largest economy in the world, contributing 16% of the global economic aggregate; China’s role has changed, becoming an important participant and builder of the international system and increasingly moving towards the center of the world stage; China’s responsibility has changed, and it has become an important member of global governance, contributing China wisdom and China plan to "build a community of human destiny".

　　"It’s as true as iron that the Xiongguan is full of roads" and "the right path in the world is vicissitudes". Under the leadership of the Communist Party of China (CPC), the great rejuvenation of the Chinese nation has shown bright prospects. We are closer to the goal of the great rejuvenation of the Chinese nation than at any time in history, and we are more confident and capable of achieving this goal than at any time in history.

　　Why can the Communist Party of China (CPC) lead China to great rejuvenation? Because she has a strong leadership core. The Communist Party of China (CPC) is a ruling party with more than 89 million party member and 4.5 million grass-roots party organizations, leading more than 1.3 billion people in China to carry out modernization. Without centralized and unified leadership and a strong leadership core, it will be difficult to accomplish the arduous tasks entrusted by history. Looking back on the history of the party, the core of our party came into being at a major historical juncture, which is the choice of history and the choice of the times. Since the 18th National Congress of the Communist Party of China, the General Secretary of the Supreme Leader has raised the flag and planned the layout of articles, which has promoted the country’s economic and social development to make new achievements and led the cause of Socialism with Chinese characteristics to enter a new stage of development. "The achievements in the past five years are all-round and groundbreaking, and the changes in the past five years are deep-seated and fundamental." Practice has fully proved that with the strong leadership of the CPC Central Committee with the Supreme Leader as the core, we will have strong support for carrying out great struggles, building great projects, advancing great undertakings and realizing great dreams, and the Chinese nation will certainly be able to move towards great rejuvenation.

　　Why can the Communist Party of China (CPC) lead China to great rejuvenation? Because she is armed with scientific theories. One hundred years ago, under the guidance of Marxism–Leninism, the Russian October Revolution was successful and the first socialist country in the world was established. In the past 96 years, the Communist Party of China (CPC) has combined Marxism-Leninism with China’s national conditions, constantly innovated his views and sublimated his understanding in the practice of revolution, construction and reform and opening up, and finally formed the Socialism with Chinese characteristics Theory system, which provided a strong theoretical guidance for the country’s development and progress. Since the 18th National Congress of the Communist Party of China, General Secretary of the Supreme Leader has grasped the characteristics of China’s development stages and the changes of major social contradictions, deepened his understanding of various laws, and formed Socialism with Chinese characteristics Thought of the Supreme Leader in the new era. This is the latest achievement of Marxism in China, and it has realized that the Party’s guiding ideology keeps pace with the times once again. With the guidance of scientific theory, it will certainly give great impetus to the Communist Party of China (CPC)’s leading the people to realize the great rejuvenation of the Chinese nation.

　　Why can the Communist Party of China (CPC) lead China to great rejuvenation? Because she has the vitality of reform and innovation. "if you are new, you will be new, and you will be new." In the ever-changing international environment, the most fundamental thing is to make bold progress, meet challenges and realize the great rejuvenation of the Chinese nation by reform and innovation. The Communist Party of China (CPC) is a Marxist political party that is brave in exploration and practice, pioneering and innovating. Since its birth, it has undertaken the glorious mission of opening the way for national liberation and national development. Looking forward to the future, with the continuous deepening of comprehensive reform, Socialism with Chinese characteristics’s system will be more perfect, the national governance system and governance capacity will be modernized, Socialism with Chinese characteristics’s superiority will be more prominent, and the road to the great rejuvenation of the Chinese nation will surely become wider and wider.

　　Why can the Communist Party of China (CPC) lead China to great rejuvenation? Because she has the courage and ability of self-purification and self-revolution. It is the Communist Party of China (CPC)’s most distinctive character and greatest advantage to be brave in self-revolution and strictly manage the Party. As early as the Ruijin period, Chairman Mao profoundly pointed out that if corruption is not eliminated, the Soviet flag will not be played, and communist party will lose its prestige and popular support! Fighting corruption is the bounden duty of communist party people, and no one can stop it! It is this spirit of communist party people that has won the heartfelt support of the people and laid a solid foundation for the victory of the China revolution. Since the 18th National Congress of the Communist Party of China, facing the grim situation of the anti-corruption struggle, General Secretary of the Supreme Leader has promoted the comprehensive and strict administration of the Party from the height of the future and destiny of the Party and the country, and unswervingly "fighting tigers", "catching flies" and "hunting foxes", which has made the party’s work style and political style look brand-new and formed an overwhelming anti-corruption situation, providing a strong guarantee for realizing the great rejuvenation of the Chinese nation.

　　Why can the Communist Party of China (CPC) lead China to great rejuvenation? Because she has high-quality leading cadres and leading collectives. The Communist Party of China (CPC)’s efficient execution comes from high-quality leading collectives and leading cadres. Chairman Mao said: "After the political line is determined, cadres are the decisive factors". Historical experience tells us that the key to China’s success lies in the Party and people. Build a large contingent of high-quality cadres. This is an important task entrusted to the Communist Party of China (CPC) by history and an inevitable requirement brought about by profound changes in the world, national conditions and party conditions. Facing the complicated situation of international struggle and the new environment of domestic reform and opening up, facing new opportunities and challenges, the key to building a well-off society and building Socialism with Chinese characteristics in an all-round way lies in cadres, and the success or failure also lies in cadres. Leading cadres at all levels, as the backbone of the cause of the party and the country, their qualities, especially their ideological, political and moral qualities, are linked with the party’s cohesive force and combat effectiveness, with the people’s hearts, and with the success or failure of the rise and fall. Whether the Communist Party of China (CPC) can lead the people of all ethnic groups to seize favorable opportunities, overcome difficulties and challenges and realize the great rejuvenation of the Chinese nation depends on the quality and ability of leading bodies and cadres at all levels, and the key lies in how to turn organizational advantages and talent advantages into development advantages.

　　After a hundred years of struggle, the Communist Party of China (CPC) is worthy of the glorious mission of the national vanguard. History and reality have fully proved that only the Communist Party of China (CPC) can save China and develop China, and only the Communist Party of China (CPC) can shoulder the glorious mission of leading the great rejuvenation of the Chinese nation. (Dayan)

　　The State Council Joint Prevention and Control Mechanism held a press conference on the afternoon of January 9th to introduce the tenth edition of the diagnosis and treatment plan. Let’s pay attention together!

　　Medical treatment is an urgent task for the prevention and control of epidemic situation in COVID-19.

　　Currently,Medical treatment is an urgent task for the prevention and control of epidemic situation in COVID-19.It is an important focus to move forward the diagnosis and treatment gateway and treat critically ill patients. askPromote the upgrading and expansion of medical resources.Ensure the equipment, facilities and medicines, and do a good job in human resource allocation and personnel training. Find out the base number and situation of key populations, and strengthen health monitoring and early intervention. Give full play to the role of medical association,Open the channels for people to see a doctor, seek medical treatment and refer them.To ensure that patients with severe risk can be found and transported in time. Adhere to the combination of traditional Chinese and western medicine, give full play to the role of traditional Chinese medicine, carry out scientific and standardized diagnosis and treatment work in strict accordance with the tenth edition of the diagnosis and treatment plan, improve the cure rate, and reduce the rate of severe illness and death.

　　Compared with the ninth edition of Covid-19’s infection diagnosis and treatment plan, what changes have been made in the tenth edition?

　　The tenth edition of the diagnosis and treatment plan is based on the implementation of "Class B and B management" for Covid-19 infection, and revised according to the measures of epidemic prevention and control optimization. In particular, combined with the characteristics of Omicron mutant and the actual clinical characteristics of clinical infected people, experts were organized to conduct research and demonstration, and the relevant contents were revised on the basis of the ninth edition of Covid-19 pneumonia diagnosis and treatment plan.

　　First, the management has been adjusted. In terms of admission measures,Cases are no longer required to undergo centralized isolation treatment.. According to the measures for prevention and control of infectious diseases of Class B and Class B, infected persons in Covid-19 can,Some people can choose home treatment, while others can go to medical institutions for treatment.All kinds of medical institutions at all levels can accept patients infected by Covid-19, and the infected people should be treated in designated hospitals and sub-designated hospitals for centralized isolation treatment.

　　The second is inDischarge standardOn the change, for patients who need to be hospitalized,Nucleic acid detection is no longer required in grasping the discharge standard.. Clinicians decide whether to leave the hospital after comprehensive judgment according to the patient’s disease diagnosis and treatment requirements, especially his basic illness and clinical symptoms.

　　In addition, the new diagnosis and treatment plan has been further enriched and optimized.Measures and technical means of clinical diagnosis and treatment. For example, in terms of diagnostic criteria,The positive antigen test of new coronavirus was included in the diagnostic criteria.. In terms of clinical treatment, we should strengthen the advancement of the gateway, and also intervene early for mild cases, especially for some elderly patients with basic diseases, and strengthen symptomatic and supportive treatment.Prevent mild illness from turning into severe illness.. Further standardize the diagnosis and treatment of critically ill patients, and further improve the relevant early warning indicators. By grasping the early warning indicators, we canEarly implementation of timely treatment measures for critically ill patients.. Adhere to the combination of traditional Chinese and western medicine, especially pay attention to the unique role of traditional Chinese medicine in clinical treatment. Strengthened Covid-19’s concept of co-treatment of infection and basic diseases.

　　How is the tenth edition of the diagnosis and treatment plan defined for severe cases infected in Covid-19?

　　In order to better guide clinical practice, the tenth edition of the diagnosis and treatment plan emphasizes that severe cases of new coronavirus infection are defined asPneumonia caused by Covid-19 infection is the main manifestation of severe cases.Other basic diseases aggravate and induce basic diseases, etc., asSevere cases caused by basic diseases or other diseases.

　　There is a basic definition of severe illness caused by Covid-19 infection. The first isClinical symptoms are aggravated, the second isOxygen saturation at rest is less than or equal to 93%,Or the oxygenation index is less than 300, and hypoxemia and severe hypoxemia cannot be explained by other lung diseases or other systemic diseases,We classify this as a serious case caused by infection in Covid-19.

　　What are the emphases of different types of severe cases in the treatment plan?

　　In view of the severe pneumonia caused by Covid-19 infection, we emphasize thatRespiratory support, includingEarly oxygen therapy, prone position and airway managementWait. Other severe diseases are carried out through multidisciplinary cooperation mode, aiming at basic diseases, including pneumonia and multiple organ failure.Organ supportTo minimize the risk of serious illness and death.

　　Why did the age standard for judging severe and critical high-risk groups change from over 60 to over 65?

　　In clinical practice, it is indeed found thatThe proportion of people over the age of 65 who have basic diseases, especially those who have not been vaccinated, is more severe and critical.At present, this phenomenon has also been found in clinic, so the diagnosis and treatment plan has been fine-tuned, but whether it is 60 years old or 65 years old,It should be emphasized that those who are accompanied by basic diseases and have not been vaccinated need more attention. It is hoped that these high-risk groups will be included in the management, early intervention and observation in clinical practice, and the problems will be transferred to higher-level hospitals for further treatment in time to minimize the risk of serious illness and death.

　　How to treat the symptoms related to Covid-19 infection with traditional Chinese medicine? Do you need to go to the hospital?

　　In order to prevent the occurrence of a medical run, if you find yourself with COVID-19’s uncomfortable symptoms, you don’t have to be nervous. You can choose drugs and treat them at home according to the Guidelines for Home Chinese Medicine Intervention for Covid-19 Infected Persons issued by state administration of traditional chinese medicine. After using this treatment,If there is no obvious symptom relief within 48 hours, or the high fever is still very heavy, you should go to the fever clinic of the medical institution in time.In case the disease changes, especially for the elderly, there may be no obvious fever, but if it appears,Weakness, mental paralysisIf such symptoms do not improve after using some drugs, you must go to the hospital as soon as possible and in time.

　　What effect does oral small molecule antiviral drug have? What should I pay attention to when taking it?

　　So far, there is no specific medicine to treat Covid-19 infection, and comprehensive treatment is still emphasized, including symptomatic support therapy, early antiviral therapy, early oxygen therapy, immunotherapy, anticoagulation therapy, etc. For important organ failure, such as respiratory failure, there is also respiratory support therapy and organ function support. Antiviral treatment is an important part of comprehensive treatment. In the tenth edition of the diagnosis and treatment plan,Antiviral therapy includes oral small molecular antiviral drugs.

　　Small molecular oral antiviral drugs can clear or inhibit the virus by directly inhibiting virus replication, alleviate clinical symptoms, shorten the course of disease, reduce the risk of severe illness, and ultimately reduce the risk of hospitalization and death.It is characterized by oral administration, which is convenient and can be used in hospitals, communities, clinics and outpatient clinics. However, we emphasize oral antiviral drugs for small molecules, one of which ismorningThe sooner you use it, the better. Generally, it is best to use it within 5 days, and the effect will be greatly reduced after 5 days.. The other is for severe high-risk groups, that is, the elderly, those with basic diseases, those who have not been vaccinated, etc. These severe high-risk groups give priority to use, which can reduce the risk of severe illness.The general population has little use value after infection.Because drugs have interactions and adverse reactions, weEmphasize the use under the guidance of a doctor.

　　The name [car home] Xingjiyuan will certainly sound a little strange to everyone. No wonder, this is another branch of Chery’s Xingtu brand, which belongs to the high-end role in the family. The brand officially disclosed its information in April this year. At the Shanghai Auto Show, we photographed its first new car, which is today’s protagonist, Xingyu Era ET. This is a large and medium-sized electric SUV. As a pioneering work that shoulders the attention, Xingjiyuan ET fully revealed the outstanding features of this car during the Chengdu Auto Show.

　　What is the sense of the future? Almost all the new generation of rims, mainly new energy products, have repeatedly emphasized this point. So how is this new car interpreted? Let’s start with the appearance. Xingjiyuan ET has a design language that is at the forefront of car fashion. The car body has a large profile and looks very simple and stable. The wide-body design can create an "expensive" effect from the perception.　

　　The front part of this new car has rich details, low visual center of gravity, fullness and tension. It adopts the horizontal penetrating daytime lamp that everyone likes very much, and also has the function of "light language" under the headlights on both sides. The disappearing middle net is a typical feature of new energy vehicles, which can also give the front face more room to play. Because simplicity is all the rage now, there is not much decoration at the bumper, and the bright black plaque below can make the front of the car look more stable.　

　　The manufacturer has not released detailed body size data. At present, we only know that the car length of Xingjiyuan ET is more than 5 meters, the width is about 2 meters, and the wheelbase is 3 meters. It is indeed a very large SUV. Combined with the appearance, it is not difficult for us to guess the comfort of the internal seating space, which is also in line with its vehicle positioning. The side is not too square, but uses a younger and even a little sporty shape, which is still very energetic with the big rim.

　　The new car we photographed on the booth used PremiumContact series tires from continental brand, with the size of 255/50 R20, and the market reference price was about 1500 yuan/piece. The visual effect of this multi-spoke wheel rim can be greatly displayed, and it also matches the car body style.

　　Needless to say, the through taillight belt is almost available for new energy vehicles. This through-flow taillight contains 262 LED beads, and the lighting effect is relatively exquisite, but the recognition may not be very high when it is far away. The new car uses bright black treatment from the front of the car to the side skirt and then to the rear bumper, so that the body will not be too dull and the overall feeling is good.

　　This new car release focuses on the appearance of the interior, and we can also see to what extent Chery’s most cutting-edge interior skills have reached. The first feeling brought by the Star Age ET car is the "futuristic feeling". The light-colored style is really warm and simple, but the new car still looks more scientific and technological. A closer look at the interior actually uses a variety of materials, but such as bright metallic color, wood grain and bright black have not robbed the limelight of white materials, so the fusion is quite good.　

　　The style of the steering wheel is rare, a bit like the style used in the concept car. Upper and lower flat bottom, two-spoke shape, the functional areas on both sides are the same as Tesla, and there is only one wheel button on each side. Because the car is not lit, we have not experienced the actual performance of this configuration for the time being, and it still looks very scientific and technological.

　　The new car adopts double suspended large screens: one is behind the steering wheel, which is mainly used as the driving function of the dashboard, and the other is the traditional central control screen, which is not excessively enlarged in size and does not occupy the limelight of the central control area. Below the central control big screen, there are some TV sets similar to home, with three knobs and buttons. I don’t know how the subsequent use feels.

　　Among the full future technological elements, the seat provides a good home comfort. The seat style is beautiful and exquisite. The headrest should be equipped with speakers, and the backrest and cushion are decorated with rectangular and wavy three-dimensional patterns to make the car look more classy. Although the detailed configuration of the adjustment function is not announced, it can be seen that both the front and rear seats have electric adjustment, and the electric lumbar support and ventilation functions of the front seats are also available.

　　There is not much information about the new car. At present, we know that the Star Era STERRA series products will be built based on the E0X global electric platform newly developed by Chery Group. The models have the ability to last more than 700km, supplement 150km in 5 minutes, and consume 12 kWh/100 km. The new car is expected to be launched in the first half of 2024. It seems that there are still many products worth looking forward to. Let’s continue to pay attention! (Text/car home Liu Jin)

　　A few days ago, Xingtu Automobile officially released the official picture of the 2025 Xingtu Lunar Range. The front face of the new car will be unified as an international version of the horizontal grille, and there will be 5 models for sale, which are planned to be listed on August 5. As a reference, the 2024 Lunar Range guide price is 19.39 to 238,900 yuan.

　　Previously, it was reported that the 2025 model added a sky blue color scheme and added chassis guards, among which the exploration version cancelled the vertical grille used in the current model, and all future models will be unified as horizontal grilles.

　　It is reported that the large-screen peripheral trim of the new car interior has been replaced with black chrome plating, point light sources have been added in the mid-to-high configuration, and the ceiling and armrest boxes have been flocked to create a relatively advanced atmosphere as a whole. The comfort of the seats has been improved as a whole, and the second row of middle seats, cloud headrests and second rows of armrests in the seven-seat version have been optimized accordingly. In addition, the new car has also been upgraded with Hicar
4.0 and 23 speakers. In terms of power, the new car will continue to be equipped with a 2.0T + 8AT combination, with a maximum power of 192kW and a peak torque of 400N · m. Some models are equipped with a four-wheel drive system.

　　As a medium and large SUV, Xingtu Lanyue has always faced the competition of the flagship models of various car companies in a steady state. In this level where experts gather, Lanyue has always been able to maintain a monthly sales level of more than 1,000 units before this year by virtue of its advantages of large size space and superimposed relatively high intelligent configuration. But after entering 2024, its monthly sales have dropped to about 500 units. According to Autohome sales rankings data, it sold only 488 units in June, ranking 32nd among medium and large SUVs. The upgrade of the 2025 model’s configuration is expected to stimulate sales.

Welcome to Autohome Zhengzhou Promotion Channel, we bring you exciting news. Currently, the much-anticipated promotion is being carried out in Zhengzhou area with unprecedented intensity. The maximum discount amount has reached an astonishing 25,000 yuan, which means consumers have the opportunity to experience the charm of this luxury electric SUV at a lower price. The minimum selling price has been adjusted to 524,000 yuan, providing consumers with a very attractive car purchase option. If you are interested in Lexus RX new energy, do not miss this rare opportunity to reduce prices. Click "Chatti Car Price" in the quotation form now to seize this excellent opportunity to save on car purchase costs.

With its unique design concept, Lexus RX New Energy presents an eye-catching appearance charm. The front face is designed with exquisite atmosphere, and the air intake grille adopts the iconic spindle design, which has become a distinctive feature of the Lexus family. The overall style blends luxury and technology, and the streamlined body lines give the vehicle an elegant and dynamic temperament. At the same time, the identity of new energy is also highlighted through the green elements in the details, showing the commitment to sustainable future mobility.

The body design of the Lexus RX New Energy is elegant and streamlined. Its length, width and height are 4890mm*1920mm*1695mm, and the wheelbase reaches 2850mm, creating a spacious interior space. The side lines are exquisite, reflecting a low-key and dynamic aesthetic. The tire specifications are 235/50 R21 for the front and 235/50 R21 for the back. With exquisite wheel design, it not only enhances the driving stability, but also adds to the visual charm of the vehicle.

The interior design of Lexus RX New Energy highlights the perfect fusion of luxury and technology. The exquisite leather steering wheel adopts electric up and down + front and rear adjustment functions, which feels comfortable and convenient to control. The 14-inch central control screen stands in the center of the cockpit, integrates multimedia system, navigation and phone functions, and supports automatic speech recognition control, which is easy for the driver to operate during driving. The seats are made of high-end leather material, which provides front and rear adjustment, backrest adjustment and waist support multi-directional adjustment. The main and passenger seats are equipped with heating and ventilation functions to ensure a comfortable experience for passengers. In addition, the vehicle is also equipped with 4 USB ports and 2 Type-C ports in the front row, as well as wireless charging function of mobile phones, providing passengers with a wealth of charging and entertainment options. The memory function of the electric seat and the proportional reclining design of the rear seats reflect the attention to detail and practicality of RX New Energy.

For Lexus RX New Energy, it is equipped with a 2.5L displacement four-cylinder engine with a maximum power of 136 kilowatts and a maximum torque output of 228 Nm. Matched with the advanced E-CVT continuously variable transmission, this power combination not only provides a smooth driving experience, but also ensures the vehicle’s efficient and environmentally friendly performance.

Overall, the Autohome owner gave high praise to the appearance of the Lexus RX new energy, especially the exquisite atmosphere of the front face design, which is impressive. Although he mentioned that there are some shortcomings in the tail design, this does not hide the overall charm of the RX new energy. For those consumers who pay attention to appearance and quality, the Lexus RX new energy is undoubtedly a new energy model worth considering.

Time Network News, directed and produced by Chen Musheng, produced and starred by Donnie Yen, and starred by Nicholas Tse and Qin Lan, the film "Rage · Serious Case" will be released on July 30. Today’s film reveals the theme song "Confrontation" MV. This is also the first collaboration between Donnie Yen and Nicholas Tse on musical works outside of the film.

Rage · Serious Crime

128 Minutes – Drama/Action Released in Hong Kong, China on July 30, 2021

The song was composed by Nicholas Tse himself and played and sang on the guitar, accompanied by Donnie Yen on the piano. Nicholas Tse carried the guitar on his shoulder and stood on the piano to "fight the piano" with Donnie Yen.

In the movie "Rage · Serious Case", Donnie Yen plays the police officer Zhang Chongbang, who watches his comrades being killed by a group of "black eat black" bandits. Through investigation, it is found that the leader of the gang is actually Qiu Gangao, a former comrade-in-arms played by Nicholas Tse, and the real target of the other party seems to be himself. Accompanied by a blood hunt, the long-planned revenge plan also unfolds…

Xinhua News Agency, Shanghai, March 22nd Question: The 4S shop has received the notice of price reduction, but it is still not easy to "pick up the car immediately at the bare car price"-the high-end car brand has lowered the "guide price" to track down.

Xinhua News Agency reporters Zhou Rui and Wang He

There is still a period of time before the VAT rate of manufacturing and other industries is lowered on April 1. High-end automobile brands such as Mercedes-Benz, BMW, Audi and Jaguar Land Rover have recently announced the reduction of the "official guidance price". Behind the price reduction is the road to the transformation of China’s automobile market, where everything is easy to sell, and consumers are concerned about how much the terminal price can be reduced. The reporter’s investigation found that at present, the 4S shop has received the notice of price reduction, but it is still not easy to "pick up the car immediately at the bare car price".

High-end brands have lowered the "official guidance price", and some models have been lowered by about 80,000 yuan.

After the China Municipal Government announced that the value-added tax rate of manufacturing industries would be reduced to 13% from April 1st, in the past week, high-end automobile brands such as Mercedes-Benz, BMW, Audi, Jaguar Land Rover, Volvo and Lincoln announced in advance that they would lower the "official guide price". In addition, after Tesla announced the price reduction across the board, the China automobile market ushered in a new round of "price reduction tide", and the "official guide price" of some models was lowered by about 80,000 yuan.

Mercedes-Benz announced that it would reduce the suggested retail prices of all Mercedes-Benz and smart models sold in Chinese mainland from 16th, with the highest drop of 64,000 yuan for Mercedes -AMG models.

Volvo announced that it would reduce the suggested retail price of all models sold in China from now on, among which the luxury SUV XC90 had the highest drop of 60,000 yuan.

Jaguar Land Rover also announced that it would lower the price of all models sold in China, with Jaguar brand models dropping by up to 42,000 yuan and Land Rover brand models dropping by up to 85,000 yuan.

This is the third wave of "price reduction" in China auto market since May last year. In May 2018, the value-added tax rate of manufacturing and other industries was lowered from 17% to 16%; From July 2018, the tariffs on automobiles with tax rates of 25% and 20% respectively will be reduced to 15%. Many car companies announced price cuts in advance when the state announced the tax adjustment policy.

Behind the price reduction, the China auto market, which is striding forward all the way, is facing new challenges. In the context of slowing economic growth, China’s automobile production in 2018 was 27.8092 million, down 4.16% year-on-year; The sales volume was 28.0806 million units, down 2.76% year-on-year.

The pressure felt by high-end brand car companies is more obvious. "The main force of this’ price reduction tide’ is high-end brands. An important reason is that its profit margin is high and there is room for profit." Cui Dongshu, secretary general of the National Passenger Car Market Information Association, said.

The "official guide price" has been transmitted to the terminal, but there is still a game between consumers and 4S stores.

How much do consumers benefit from the price reduction announced by automobile manufacturers? The reporter found that the "official guide price" has been transmitted to the terminal market, but under the current sales pattern of the automobile market, it is not easy for consumers to realize the "naked car price to pick up the car immediately".

For example, the sales staff of 4S shops of many high-end car brands in Shanghai said that they had received the price reduction notice from the manufacturers and could refer to it. At the same time, however, some salespeople also said that considering that the models and colors selected by reporters are very scarce in stock, it is likely that they need to make reservations with manufacturers, and the waiting period is relatively long, so it is recommended to choose consumer loans or change options.

"There will be a game between consumers and 4S stores. After the’ official guide price’ is lowered, the actual purchase price of these brands will drop, but there may be some comprehensive costs." Cui Dongshu said.

Despite this, the insiders admit that with the overall cooling of the auto market, the strength of high-end auto brands has eased a lot, and the market is becoming healthier. Cui Dongshu said: "The move of car companies to downgrade is the profit-making gesture taken by enterprises."

Waiting in line without raising the price, "recommending" luxury interior decoration, and waiting for "naked lifting" explosive models for months … Once, the hot auto market forced consumers to accept all kinds of "hidden rules" of 4S stores, especially some high-end brands. However, with China’s auto market, especially passenger car market, bidding farewell to high growth, and parallel imported cars gaining more consumers’ recognition, the phenomenon of "store bullying customers" mentioned above is gradually decreasing, and the survival way of 4S stores is changing from pre-sales to after-sales service.

China auto market will be greener, farther and know you better.

In the current market environment, high-end car brands play the price card, and the survival pressure of small and medium-sized brand car companies will be even greater. Insiders pointed out that from the perspective of the whole industry, China’s automobile industry has reached a "crossroads", and car companies should not only pay attention to the price, but also pay attention to the upgrading of product structure and the development of emerging markets.

Miao Wei, Minister of the Ministry of Industry and Information Technology, previously pointed out that automobile production and sales declined in 2018. Externally, there were factors such as limited purchases and restrictions; Internally, enterprises are not fast enough in adjusting structure and changing development mode. Automobile enterprises should adhere to the supply-side structural reform as the main line and accelerate the adjustment of product structure; At the same time, the Ministry of Industry and Information Technology will actively work with relevant departments to speed up the research and introduction of policies to promote rural automobile consumption and accelerate the promotion and application of new energy vehicles.

According to the data, despite the downturn in China’s automobile market, new energy vehicles are still developing at a high speed, and the construction of "green efficiency" charging stations, which once hampered new energy vehicles, is also in full swing. According to the data, as of February this year, the number of public charging piles in China has reached 348,000.

Many car companies in China are asking for power from the Internet to bring consumers the experience of the next generation of cars. I can read your emotions and interact with you, and even make different responses according to the needs of different passengers in the front and rear seats-the Weilai ES8 model loaded with the artificial intelligence system NOMI is welcomed by the market. Weilai Automobile’s latest financial report shows that in 2018, the total output of ES8 models reached 12,775 and 11,348 vehicles were delivered. Internet car-making has moved from concept to residents’ life.

There are also some auto companies in China that are actively participating in global competition. From a single product trade, it has gradually changed to an overseas industrial layout where technology, talents and capital are exported together. According to the data of the Ministry of Commerce, at present, 23 backbone automobile enterprises in China have established more than 90 factories overseas, with a production capacity of more than 1 million vehicles.